HelenP. I Ripple can break resistance level and then make retest

2 oct 2023

Hi folks today I'm prepared for you Ripple analytics. Some days ago price declined to the 0.4865 support level, which coincide with the support zone, and even declined more to 0.4595 points, but at once rebounded and started to rise inside the upward channel. Inisde channel, the price rose back, higher of 0.4865 level, and then made a correction, after which the price continued to move up to next level. When Ripple reached the 0.5240 resistance level, it rebounded down to the support line of the channel, but then the price at once bounced and made impulse up higher of this level with the resistance zone, but in a short time declined below 0.5240 level, thereby making a fake breakout. Later Ripple tried to back up, but now it trades very close to the resistance level and I expect that Ripple can break this level, make a retest, and then continue to move up to the resistance line of the upward channel. Therefore I set up my target at the 0.5540 level, which coincides with this line. If you like my analytics you may support me with your like/comment ❤️